McDonald's deal gives 'more flexibility'
Carlyle and state-backed Citic's majority stake in its China and HK markets allow for more tasteful innovations
Singapore
CHANGE is coming to McDonald's in China and Hong Kong after The Carlyle Group, together with Chinese state-backed conglomerate Citic, bought a majority stake in the fast food giant's operations in the two markets.
In one of his first public comments on the deal, Carlyle co-founder and co-CEO David Rubenstein said that the two partners might implement different ways of sou…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China knockoff raid jolts a global throng of fake-fashion influencers
Tesla profits tumble but shares rise on new vehicle plan
Brokers’ take: CGS International upgrades Nanofilm to ‘hold’ despite lower target price
Roche cuts pipeline after research setbacks and sales drop
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
London stocks hit new record at open